FAQ

About us

How is Noon Invest AS different?


In Noon Invest AS, we primarily invest based on a philosophy of tracking the index of the stock market. In addition, we apply a periodic rebalancing strategy to ensure the best possible performance for your investment. Rebalancing is a strategy that is also used by the Norwegian sovereign fund, also known as the “the oil fund”.




Who owns Noon Invest AS?


Noon Invest AS was developed by Stavanger Asset Management which was found by Even Krohn-Pettersen and Emmanuel Vallotto. Both have extensive experience from investing in Norway, Switzerland, the UK and USA. You can read more about Stavanger Asset Management here.




Which bank does Noon Invest AS cooperate with?


Noon Invest AS offers investment services in partnership with Danish bank Saxo. Through Nordnet we also offer stock saving accounts (aksjesparekonto).




How many portfolios does Noon Invest AS have?


Noon Invest AS offers 5 different portfolio class based on our clients investment goals and investment horizon.




How old must you be to become a customer with Noon Invest AS?


You must be at least 18 years old to become a customer with Noon Invest AS, or have permission from you parent or guardian.




Does Noon Invest receive a return commission from the fund providers?


Noon Invest do not receive commission from fund providers as our own income, nor do we earn on the transactions we do. We have a fixed commission from the customer, and are focused on our customers´ earnngs - regardless of which fund could give us the most back. If we receive a return commission from a fund provider, this goes directly to the customer.





Open account

How do I open an account with Noon Invest AS?


You open an account with Noon Invest AS by using our website, you will then be lead to our cooperating bank Saxo Bank. You need to remember to have your BankID ready if you are using this service.




How do I open an account in Noon Invest AS without a BankId?


If you don't have a BankId you are more than welcome to still open an account at Noon Invest AS. Please contact us and we will help you in the process.




I am already a client at Saxo Bank, can I still open an account at Noon Invest AS?


Saxo Bank is only permitting one account holder in their systems. If you do wish to open an account at Noon Invest AS we can help you to close the account at Saxo Bank. Please contact us and we are more than happy to help you sort it out.




Does Noon Invest AS offer financial consultation?


Yes, our please ask about our current rates. Financial consultation is offered free to all premium customers. For more information on our premium service, please contact us at mail@noon-invest.no.




Is Noon Invest AS regulated by the Financial Supervisory Authority of Norway?


Noon Invest AS is regulated by the financial supervisory authority of norway (Finanstilsynet). You can find our lisence here.




How do I open an account with Noon Invest AS?


You open your account with Noon Invest AS through our website, from which you will be led over to our investment partner Saxo Bank’s secure website. Remember to have your Bank ID ready.




What amount is the least accepted by Noon Invest AS?


You have to invest at least 100,000,- NOK to be able to use our service.




Why do your customers need a risk profile?


To find the right risk tolerance and ability, so that our customers can sleep well at night. This is also a legal requirement.




How do you calculate your customers risk profile?


We have created an algorithm that assesses the sum of the answeres you give us about risk tolerance and investment objectives.




Can I at anytime make a withdrawl from my account at Noon Invest AS?


You can at anytime contact us and we will help you with this. The securities can normally be traded on the same day, with settlement a few days later. Thus, one can expect to receive the money approximately one week from the date of sale.




Does Noon Invest AS offer stock savings accounts (aksjesparekonto)?


Yes, these accounts are constructed based on portfolio 5, please contact us at mail@noon-invest.no.




Can I open my account without Bank ID?


It is possible to open an account with Noon Invest AS without Bank ID, simply contact us and we will help you through the process.




How do I open a stock savings account with Noon Invest AS (aksjesparekonto)?


Please contact us and we will help you through the process, all you need is your Bank ID.




I am already a customer in Saxo Bank, can I still open an account with Noon Invest AS?


Saxo Bank only allow one account holder in their system. If you wish open a Noon Invest AS account, we can help you close any existing account with Saxo Bank.




Can I open a Noon Invest AS account, even though I’m not a Norwegian citizen?


If you are not a Norwegian but you have the right to residency here and have a personal ID number, you can become a customer by using our online platform as normal. If this is not the case, it is possible that you can become a customer, but we must investigate each case on an individual basis. Please call us on + 47 40695100.




I am an American citizen/ taxable in the USA, can I still become a customer with Noon Invest AS?


Unfortunately, our services are not available to you in this case.




How do you process my personal details?


We handle all personal information in accordance with Norwegian law. You can read more about this here.




Can I change the investment plan that was recommend to me?


Yes, you can change your plan at any time. Simply contact us if your situation changes after investing.




Can I change my investment horizon from the one I gave initially?


Yes, you can change your investment horizon at any time. Simply contact us if your situation changes after investing.




Can I open more than one account?


Yes, just contact us and we can help you with this.




Can I close my Noon Invest AS account at any time?


Yes, simply contact us if you wish to close your account.




Can I re-join, after leaving Noon Invest AS as a customer?


Yes, simply complete the onboarding process in the same way as a new customer would.





Other

What is the minimum sum for investing in Noon Invest AS?


The minimum sum for investing in Noon Invest AS is NOK 100,000.




I am not a citizen in the EU/EEA, can I still become a customer with Noon Invest AS?


It is possible that you can become a customer, but we must investigate each case on an individual basis. Please call us on + 47 40695100.




What is the need for the risk profiling of customers?


To understand the correct risk tolerance of our customer and to ensure our investments are in line with our customer’s fiscal abilities.




What is the difference between a broker and an asset manager?


A broker makes money on transactions, whilst an asset manager makes a percentage of the total value of account, therefore it is in the asset managers interest to keep costs low.





Cost

What are the reasons for the calulations?


Historical return, downgraded to reflect lower interest rates and downgraded yield requirements.




How do I pay the fees at Noon Invest AS?


Fees are deducted on a continuous basis, and the deduction fee is deducted after each quarter.




How much do I need to pay in taxes when investing in indexfunds?


You pay tax on any dividends you deduct from your investment. This affects a number of factors beyond Noon Invest's control. See more information on the Tax Administration's website. You can also deduct the management fee from your tax returns.




How much does it cost to invest in Noon Invest AS?


We charge a yearly fee of 0.95% of the total value of the account. The index funds that we purchase have an inbuilt average cost of approx 0,27% and continuesly decreasing. Transaction fees starts at 0,035%.




How do I pay my fees to Noon Invest AS?


The costs are deducted consecutively, and our management fee is deducted, in arrears, quarterly.




How much tax do I pay from investing in an index fund?


You are tax on your returns from your investment, the level of tax you pay is based on multiple factors relating to your personal situation. These factors are out with our control.





About index fund (ETF)

Why do Noon Invest AS recommend to invest in index funds?


Index funds have a statistically better return and far lower costs than "ordinary" actively managed funds. In line with the «forbrukerrådet» , we also believe that using index funds is a smart way of investing.




Why save in indexfunds instead of putting it in a standard savings account in the bank?


Index Fund ensures that your funds grow faster than with regular bank deposits. Especially in a period of historically low interest rates it is smart to place the money in a place with a good return.




How safe is my money?


Noon Invest AS is a daughter company of Stavanger Asset Management AS, which was granted a concession from the FSA in Norway. Our partners are also authorised by the relevant authorities in Norway, Sweden and Denmark. In addition, we use UCITS regulated funds, in which our customers, via their funds, are part owners of the securities directly.




Why does Noon Invest AS recommend investing in index funds?


Statistically speaking, index funds give better returns with significantly lower costs than ordinary active managed funds. I line with the Norwegian consumer council we agree that index funds are the smarter way to invest.




Are index funds safe?


The index funds we use are as safe as all other funds in Norway. In these funds, our customers are part owners of the securities that make up the fund.




Why have I not heard of index funds before?


Index funds are not completely new, but they do not generate as much income as regular actively managed funds for banks and other institutions. It perhaps for that reason that they are not often mentioned in financial consultations.




Why put my money in an index fund, rather than just in a regular savings account with my bank?


Index funds allow your savings to grow much faster than in a regular bank account. It is especially smart to save in this way in the current economic climate, with the historically low interest rates.





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Ask us through the chat or contact us here.

OM OSS

NOON INVEST AS ble startet og er drevet av Stavanger Asset Management AS.

Stavanger Asset Management AS er underlagt tilsyn av Finanstilsynet og er ansvarlig for drift og investeringsaktivitet. Løsningen vår er utviklet i samarbeid med  Saxo Bank og Nordnet

KONTAKT OSS

NOON INVEST AS

Nordbøgata 10

4006 Stavanger

+47 406 95 100

mail@noon-invest.no

©2019 BY NOON INVEST AS